From the WSJ: "BlackRock has built three investment portfolios that will trade as digital tokens, marking the asset manager’s latest push to bring traditional assets to the alternative financial system that powers cryptocurrencies.

The world’s largest asset manager’s model portfolios, or preset investing templates, will be tokenized by Ondo Finance. In tokenized form, funds, stocks and other assets can trade on the blockchain, the digital ledger that underpins many cryptocurrencies."

wsj.com - Blackrock investment portfolios debut on the blockchain as digital tokens

My comment: There's nothing "crypto" or "alternative" about this, except the use of a blockchain to track trades and ownership. I predict it will work well, and it is probably the future. I leave it to others to predict how it will affect the way the trading system currently works.

abromber